Eurozone inflation falls to 0.7% on plunging energy prices

Inflation in the eurozone fell in March, official data showed Tuesday, reflecting a major drop in energy prices as oil demand plummeted...

Coronavirus pandemic to hit growth in Asia, China: World Bank

The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China,...

Oil prices rebound strongly, WTI crude up more than 7%

Oil prices rebounded strongly in Asian trade Tuesday a day after falling to 18-year lows, as investors took heart from moves by...
Equity markets

World equity markets edge higher despite oil plunge to 2002 lows

NEW YORK: Global equity benchmarks rose slightly on Monday despite a drop in oil prices to their lowest levels since 2002, as...
Wuhan-corona

China takes steps to heal virus-hit economy as infections fall

WUHAN: China ramped up efforts on Monday to heal the world’s second-biggest economy as health authorities reported a further drop in new...
Saudi Arabia-oil

Saudi Arabia plans to boost oil exports to 10.6 million bpd from May

DUBAI: Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning...
Bangladesh-garment-factory

Bangladesh garment makers say $3bn in orders lost to virus

DHAKA: Bangladesh garment manufacturers say fashion retailers have cancelled or put on hold more than $3 billion in orders due to the...
Global stocks

European shares dip as coronavirus fears intensify

The European shares fell for the second straight session on Monday, as fears about the economic hit from the coronavirus pandemic intensified...

Oil prices at 17-year lows as virus ravages world

Oil prices extended losses in Asian trade on Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world...
Global stock markets

Asian markets resume losses as stimulus joy fades

Asian markets fell Monday following a steep drop on Wall Street as the jubilation from last week's enormous US stimulus package faded...

Trump forces General Motors to produce ventilators

President Donald Trump issued an order last week that seeks to force General Motors (GM) to produce ventilators for coronavirus patients under...
Global markets

Three months that shook global markets

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has...
DAMAC

Dubai firm tied to Trump posts loss as virus downturn looms

DUBAI: Dubai's largest, fully private real estate developer posted on Sunday its first yearly loss since becoming a publicly traded company, a...
Bank for International Settlements

Govts, central banks must boost efforts to help economies cope with crisis: BIS head

LONDON: Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis,...
Gloves maker

World’s largest glove maker sees shortage as coronavirus fight spikes

KUALA LUMPUR: Malaysia’s Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from...